Quantcha now offering unlimited commission-free options trading. Quantchabot has detected a promising Bull Put Spread trade opportunity for LEVI STRAUSS & CO (LEVI) for the 18-Jun-2021 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine. LEVI was recently trading at $27.45 and has an implied volatility of 33.14% for this period. Based on an analysis of the options available for LEVI expiring on 18-Jun-2021, there is a 34.14% likelihood that the underlying will close within the analyzed range of $27.40-$31.48 at expiration. In this scenario, the average linear return for the trade would be 43.80%. 52 week high: LEVI STRAUSS & CO recently reached a new 52-week high at $27.71. LEVI had traded in the range $11.13-$27.30 over the past year. Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if LEVI maintains its current direction and does not revert back to pricing on the bearish side of $27.45 on 18-Jun-2021. If possible, the trade has been padded such that slight movement against the trade would still return a profit. Upside potential: Using this bullish strategy, the trade would be profitable if LEVI STRAUSS & CO closes at or above $27.35 on 18-Jun-2021. Based on our risk-neutral analysis, there is a 50.48% likelihood of this return. Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment. To analyze this trade in depth, please visit the Quantcha Options Search Engine.